TECK vs. COPX

Last updated Jun 4, 2026

TECK (Teck Resources Limited) is a stock, while COPX (Global X Copper Miners ETF) is Materials fund tracking the Solactive Global Copper Miners Total Return Index. Over the past 10 years, TECK returned 21.83%/yr vs 21.95%/yr for COPX. A 0.79 correlation means they provide meaningful diversification when combined.

Performance

TECK vs. COPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teck Resources Limited (TECK) and Global X Copper Miners ETF (COPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TECK achieves a 40.63% return, which is significantly higher than COPX's 25.71% return. Both investments have delivered pretty close results over the past 10 years, with TECK having a 21.83% annualized return and COPX not far ahead at 21.95%.

TECK

• 1D: -4.72%
• 1M: 18.43%
• YTD: 40.63%
• 6M: 51.84%
• 1Y: 82.94%
• 3Y*: 16.99%
• 5Y*: 23.87%
• 10Y*: 21.83%

COPX

• 1D: -3.64%
• 1M: 17.74%
• YTD: 25.71%
• 6M: 36.90%
• 1Y: 120.82%
• 3Y*: 37.36%
• 5Y*: 19.87%
• 10Y*: 21.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TECK vs. COPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TECK Teck Resources Limited	40.63%	19.20%	-2.58%	13.96%	33.81%	59.83%	5.88%	-18.73%	-16.87%	34.22%
COPX Global X Copper Miners ETF	25.71%	93.50%	3.57%	8.38%	-0.76%	23.39%	51.66%	12.48%	-31.31%	38.92%

Correlation

The correlation between TECK and COPX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Apr 21, 2010	0.79

The correlation between TECK and COPX has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.

Return for Risk

TECK vs. COPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TECK

TECK Risk / Return Rank: 82
TECK Sharpe Ratio Rank: 85
TECK Sortino Ratio Rank: 82
TECK Omega Ratio Rank: 78
TECK Calmar Ratio Rank: 83
TECK Martin Ratio Rank: 83

COPX

COPX Risk / Return Rank: 75
COPX Sharpe Ratio Rank: 86
COPX Sortino Ratio Rank: 67
COPX Omega Ratio Rank: 67
COPX Calmar Ratio Rank: 82
COPX Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TECK vs. COPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teck Resources Limited (TECK) and Global X Copper Miners ETF (COPX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	TECK	COPX	Difference
Sharpe ratio: Return per unit of total volatility	1.83	2.93	-1.10
Sortino ratio: Return per unit of downside risk	2.48	3.17	-0.69
Omega ratio: Gain probability vs. loss probability	1.30	1.42	-0.12
Calmar ratio: Return relative to maximum drawdown	3.20	4.37	-1.17
Martin ratio: Return relative to average drawdown	8.10	14.00	-5.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TECK vs. COPX - Sharpe Ratio Comparison

The current TECK Sharpe Ratio is 1.83, which is lower than the COPX Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of TECK and COPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TECK	COPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	2.93	-1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.55	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.62	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.19	+0.06

Drawdowns

TECK vs. COPX - Drawdown Comparison

The maximum TECK drawdown since its inception was -95.19%, which is greater than COPX's maximum drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for TECK and COPX.

Drawdown Indicators

	TECK	COPX	Difference
Max Drawdown Largest peak-to-trough decline	-95.19%	-83.16%	-12.03%
Max Drawdown (1Y) Largest decline over 1 year	-26.03%	-27.82%	+1.79%
Max Drawdown (3Y) Largest decline over 3 years	-46.10%	-39.72%	-6.38%
Max Drawdown (5Y) Largest decline over 5 years	-46.10%	-42.12%	-3.98%
Max Drawdown (10Y) Largest decline over 10 years	-79.58%	-65.41%	-14.17%
Current Drawdown Current decline from peak	-4.72%	-5.69%	+0.97%
Average Drawdown Average peak-to-trough decline	-38.80%	-39.30%	+0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.27%	8.66%	+1.61%

Volatility

TECK vs. COPX - Volatility Comparison

Teck Resources Limited (TECK) and Global X Copper Miners ETF (COPX) have volatilities of 15.22% and 15.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TECK	COPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.22%	15.38%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	33.81%	35.68%	-1.87%
Volatility (1Y) Calculated over the trailing 1-year period	45.55%	41.41%	+4.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.46%	36.51%	+8.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.39%	35.55%	+13.84%

Dividends

TECK vs. COPX - Dividend Comparison

TECK's dividend yield for the trailing twelve months is around 0.54%, less than COPX's 2.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COPX Global X Copper Miners ETF	2.13%	2.68%	1.80%	2.39%	3.14%	1.48%	1.30%	1.37%	2.59%	1.57%	0.60%	1.20%
TECK Teck Resources Limited	0.54%	0.75%	1.81%	1.74%	2.05%	0.56%	0.83%	0.87%	1.11%	2.29%	0.50%	5.18%

Frequently Asked Questions

Can I hold both TECK and COPX in my portfolio?

TECK and COPX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TECK or COPX?

COPX has higher volatility (15.38%) compared to TECK (15.22%). In terms of maximum drawdown, TECK dropped -95.19% vs COPX's -83.16%.

Which has better risk-adjusted returns?

COPX currently has the higher Sharpe Ratio (2.93 vs 1.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.